Veteran BT exec set to retire
Long serving BT Financial Group (BTFG) executive Chris Freeman will step down from his role as General Manager of Adviser Distribution and move into a consultant role with the group.
The move follows 25 years of service with BT and is part of Freeman transitioning to retirement after having held at least five roles with group
Freeman has held his current role for the past three and half years and will step down from his duties in the latter half of this year but consult in part time capacity through to 2017.
A successor to the role has yet to be named with BTFG conducting an internal and external search to fill the position with Freeman providing assistance with the recruitment and transition of the role and will remain in charge of Adviser Distribution for the time being.
Freeman's current role follows stints as Head of Sales, Joint Head of the equities division for Bankers Trust Investment Bank; State and National Sales Manager for BT Funds Management and Head of BT Wrap.
He will also act as a BT ambassador at client conferences and industry events during the transition phase and with BTFG establishing the ‘BT Ambassador' award in recognition of his time and contribution to the group and the industry.
BT Financial Group Platforms & Operations General Manager John Shuttleworth said Freeman had built enduring relationships within financial services and the award would recognise the person who best represented BTFG externally.
AUTHOR
Jason Spits
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
